Independent Bank Corp /Mi/ (IBCP) EV to EBITDA (2012 - 2026)
Independent Bank's (IBCP) EV to EBITDA came in at 3.24 for Q2 2026, up 14.2% from 2.84 a year earlier and up 13.7% from the prior quarter.
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Analysis
Independent Bank Corp /Mi/ (IBCP) EV to EBITDA (2012 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, EV to EBITDA at Independent Bank was 0.31, down 62.8% year-over-year; for FY2025, it came in at 2.93, down 6.7% from FY2024.
- In prior years, Independent Bank's EV to EBITDA was 3.14 in FY2024 (+40.9%), 2.23 in FY2023 (-43.9%), 3.97 in FY2022 (-1.9%) and 4.05 in FY2021 (+34.8%).
- The Q2 2026 figure stands as the highest quarterly EV to EBITDA since Q4 2022.
- On a year-over-year basis, EV to EBITDA increased in six of the last eight quarters, with growth averaging 25.0%.
- The strongest year-over-year quarter for EV to EBITDA in the past five years was Q3 2024, with growth of 81.5%; the weakest was Q1 2023, with a decline of 66.7%.
- According to Business Quant data, EV to EBITDA for the three prior quarters was 2.85 (Q1 2026), 2.93 (Q4 2025) and 2.32 (Q3 2025).
Peer Set
Peer Comparison
Historic Data
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Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 3.24 |
| Mar 31, 2026 | 2.85 |
| Dec 31, 2025 | 2.93 |
| Sep 30, 2025 | 2.32 |
| Jun 30, 2025 | 2.84 |
| Mar 31, 2025 | 2.72 |
| Dec 31, 2024 | 3.14 |
| Sep 30, 2024 | 3.03 |
| Jun 30, 2024 | 1.83 |
| Mar 31, 2024 | 2.04 |
| Dec 31, 2023 | 2.23 |
| Sep 30, 2023 | 1.67 |
| Jun 30, 2023 | 1.68 |
| Mar 31, 2023 | 1.29 |
| Dec 31, 2022 | 3.97 |
| Sep 30, 2022 | 3.42 |
| Jun 30, 2022 | 3.74 |
| Mar 31, 2022 | 3.87 |
| Dec 31, 2021 | 4.05 |
| Sep 30, 2021 | 3.13 |
API Access
Independent Bank Corp /Mi/ EV to EBITDA API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=ev-to-ebitda&ticker=IBCP&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ev-to-ebitda", "ticker": "IBCP", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=ev-to-ebitda&ticker=IBCP&period=max&api_key=YOUR_API_KEY");
const data = await res.json();